Friday, February 07, 2020 4:40:41 PM
I figure "first of the year folks" that are in for a quick buck are selling off and after the dip we will run as we get closer to the election. 2016 is the blueprint for this particular year and any given year you can follow the rise and fall by the calendar.
I sold at a loss in December to claim it on my taxes. I waited 35 days to make sure it registered as past 30 days, and then I bought back in on the lull.
The 35 days made me an extra 765 shares for no cost except the $ 6.95 x 2 E-Trade sell and buy price to get out and back in, which was paid for out of my end of year sale proceeds.
It is illegal for a broker to do it for you because they collect a commission and it looks like they are churning sales just for commission. As an individual, it is legal and a good investment as it is like free money at the end of the year for the "loss" on your taxes and then a cheap buy-in at the beginning of the year during the lull.
As always, I am in no way a pro, and I am not giving advice, but the more years I do this, the more I like to share my story because we might as well all help each other out if the calendar is going to do the heavy lifting.
Have a great weekend and take care, Jim
Recent CNBX News
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 09:27:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/12/2024 03:13:35 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/14/2023 02:28:11 PM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM